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United Natural Foods Inc. - UNFI STOCK NEWS

Welcome to our dedicated news page for United Natural Foods (Ticker: UNFI), a resource for investors and traders seeking the latest updates and insights on United Natural Foods.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect United Natural Foods's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of United Natural Foods's position in the market.

Rhea-AI Summary
United Natural Foods, Inc. appoints Giorgio Matteo Tarditi as President and CFO, succeeding John W. Howard. Tarditi brings over 26 years of experience from GE, with expertise in finance, operations, and M&A integrations. He aims to drive operational excellence and value creation for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.43%
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none
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Rhea-AI Summary
United Natural Foods, Inc. (UNFI) reported financial results for Q2 of fiscal 2024 with a 0.5% decrease in net sales to $7.8 billion, a net loss of $15 million, and adjusted EBITDA down by 29.3% to $128 million. Despite reducing net sales outlook for fiscal 2024, the company focuses on operational efficiency, shrink reduction, and network automation. UNFI's CEO, Sandy Douglas, highlighted progress in profitability improvement and transformation efforts. The company's gross profit rate declined due to lower procurement gains, while operating expenses remained stable. UNFI's free cash flow decreased to $116 million, and total outstanding debt reduced to $2.16 billion. The updated fiscal 2024 outlook includes narrowed ranges for net sales, net loss, EPS, adjusted EPS, and adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.43%
Tags
earnings
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Rhea-AI Summary
United Natural Foods, Inc. (UNFI) successfully concluded its Spring & Summer Show in Orlando, hosting over 6,200 attendees, including 3,360 retail customers and 740 suppliers. The event showcased 1,200 brands across more than 100,000 square feet, with 25 emerging brands featured. UNFI's unique Pitch Slam competition highlighted innovative products, with The Patch Brand winning. The Company also recognized its 2023 customer Circle of Excellence winners. Future shows include Holiday and Winter events in June and August.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
Rhea-AI Summary
United Natural Foods, Inc. (UNFI) will announce fiscal 2024 Q2 results on March 6, 2024. A conference call will be held to discuss the results, accessible via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
earnings
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Rhea-AI Summary
United Natural Foods, Inc. (UNFI) successfully concluded its first comprehensive product and solution regional selling show, featuring a wide range of natural, conventional, fresh, and organic products, along with UNFI's Professional Services. The event connected over 5,500 attendees, including retailers and suppliers, showcasing more than 1,000 brands. The show highlighted new products, diverse suppliers, and included a Pitch Slam competition. UNFI plans to host upcoming shows in Orlando, Uncasville, and Minneapolis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
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none
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Rhea-AI Summary
United Natural Foods, Inc. (UNFI) plans to implement an A.I.-powered robotic automation system in its soon-to-be-completed distribution center in Manchester, PA. The advanced system, manufactured by Symbotic, is expected to enhance customer experience, improve quality and service, increase capacity, and lower overall costs. The new facility is set to come online in the Summer of 2024 and the automation system is expected to be fully operational by Spring 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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none
Rhea-AI Summary
United Natural Foods, Inc. (NYSE: UNFI) announces updated selling show schedule for 2024 and introduces Circle of Excellence Awards to recognize outstanding performance and growth of UNFI customers and suppliers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.08%
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none
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Rhea-AI Summary
United Natural Foods, Inc. (NYSE: UNFI) releases its 13th annual Better for All Report, detailing significant progress on social, environmental, and governance objectives during the Company's 2023 fiscal year, emphasizing safety, well-being, waste, climate, sourcing, and community. The report demonstrates that UNFI's initiatives benefitting the planet, society, and the food industry can also directly benefit the Company's business performance, resulting in enhanced value for all stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
earnings
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Rhea-AI Summary
United Natural Foods, Inc. (NYSE: UNFI) reported Q1 fiscal 2024 results. Net sales increased 0.3% to $7.6 billion, net loss of $39 million, and adjusted EBITDA decreased 43.5% to $117 million. The company affirmed fiscal 2024 outlook for net sales, Adjusted EBITDA, and Adjusted EPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
Tags
earnings
Rhea-AI Summary
United Natural Foods, Inc. (UNFI) will release its fiscal 2024 first-quarter financial results on December 6, 2023. The company will host a conference call at 8:30 a.m. ET to discuss the results. Investors can access the conference call via dial-in or through the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
earnings
United Natural Foods Inc.

NYSE:UNFI

UNFI Rankings

UNFI Stock Data

682.93M
58.12M
2.46%
92.2%
5.35%
Packaged Frozen Food Merchant Wholesalers
Wholesale Trade
Link
US
Providence

About UNFI

unfi is the leading independent national distributor of natural, organic and specialty foods and related products including nutritional supplements, personal care items and organic produce, in the united states & canada. in addition to excellent distribution services, we provide a range of innovative, value-added services for our customers and suppliers, to foster mutual success and growth. our services include marketing and promotional tools, merchandising, category management and store support services. our distribution operations are divided into five principal units: unfi, eastern region; unfi, western region; albert’s organics; select nutrition distributors; and unfi canada. in addition to distribution operations, unfi's divisions include blue marble brands, earth origins markets, woodstock farms manufacturing and honest green. we distribute from 28 distribution centers to customers throughout the united states & canada and to more than 40 additional countries.